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The Device of Weighted Votes in Blocking the Removal of Directors from Office under the South African Companies Act 71 of 2008
Journal of African Law ( IF 0.3 ) Pub Date : 2019-06-01 , DOI: 10.1017/s0021855319000172
Rehana Cassim

A director may serve a company in more than one capacity. In his capacity as a shareholder, a director may hold voting rights in the company. One consideration regarding the removal of a director from office is their removal by shareholders in circumstances where the directors are themselves shareholders in the company and hold weighted votes. This article appraises whether, under the South African Companies Act 71 of 2008, a shareholding-director who holds shares with weighted votes would validly and lawfully be able to block his removal from office by the company's shareholders. This article makes suggestions regarding the use of weighted votes to block the removal of directors from office, and calls for an important amendment to the South African Companies Act 71 of 2008 to prevent weighted votes being used as a device to block the removal of directors from office.

中文翻译:

根据 2008 年第 71 号南非公司法阻止董事免职的加权投票机制

一名董事可以以多种身份为一家公司服务。董事作为股东,可以在公司拥有表决权。关于罢免董事的一个考虑因素是,在董事本身是公司股东并持有不同投票权的情况下,股东可以罢免董事。本文评估了根据 2008 年第 71 号南非公司法,持有加权投票股份的持股董事是否能够有效和合法地阻止公司股东将其免职。本文就使用加权投票阻止董事免职提出建议,
更新日期:2019-06-01
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